5 Reasons why Many Young Businesses Fail

By Psirmoi Daniel

Many people begin business with the sole purpose of making profits.  However to say that most of the fledgling businesses go past the infancy stage and perform well, giving the much needed profit to the owner will be stating the undecorated truth.Entrepreneurs and businesspersons often ignore that their projects are likely to fail at some point if some factors remain unchecked. The major reasons for business failure include: bad reason for starting the business, poor location, insufficient capital and poor customer service.

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